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Ron Guth
The 1912-S Half Dollar has a split-personality. It is scarce as far as Barber Halves go, but it also happens to be the most common S-Mint in Gem condition. A small number of MS66 examples seem to be sufficient to satisfy collector demand. MS67 examples are rare, with none certified by PCGS. This date boasts a strong strike and nice luster. Occasionally, a coin will be described in auction descriptions as "Prooflike", but these are rare exceptions.
David Akers
Although often available in the lower Uncirculated grades, in Gem condition the 1912-S is both rare and somewhat underrated. It is not quite as rare as the 1911-S, but it is more rare in Gem than the 1909-S, 1910-S and the S Mint issues from 1913 to 1915.